THE HOME OF YOUR DREAMS IN THE WATERFALL NODE - Central ...
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CHOOSE YOUR LUXURY HOME You’re moving in the right direction This brand-new security estate in the Waterfall node offers spacious and cleverly designed, free-standing three-bedroom, two-bathroom houses with double lock-up garages and private walled gardens. Prices range between R2 445 000 and R2 845 000. SAVE up to R225 000 when you buy directly from the developer as there are no agent commission, transfer duties nor bond registration fees payable. Visit our show village to view each of the unit types available for sale. We are open 7 days a week. Houses are now sold off-plan and the first buyers will have the opportunity to choose their own finishes. There’s no space wasted on stairways! The single-level floorplans are modern and practical. Large stacking doors allow for the inside living space to flow seamlessly outward and vice versa. With this design, the garden becomes part of the home, ensuring that you make the most of Gauteng’s beautiful weather. In addition, the energy-efficient and low maintenance design will keep the cost of ownership low for years to come. Small pets are also welcome, subject to prior approval by the estate. Madison Manor @ Waterfall is perfectly located in one of the fastest-growing and most desirable areas in South Africa. It’s close to several established schools and shopping centres, such as the Mall of Africa, and also has easy access to all major routes leading to Johannesburg, Sandton and Pretoria. Act fast, so you don’t miss out on this limited opportunity! There’s an overwhelming demand for family- friendly houses within secure lifestyle estates in the area, and there are only 89 houses in this development. Contact us today, and let us help you and your family enjoy many happy years at Madison Manor @ Waterfall. THE LIFESTYLE THAT MADISON MANOR OFFERS YOU · Free-standing houses · State-of-the-art security · Central facility with braais, pool and kids play area Private gardens · Pet friendly · Fibre to the Home (FTTH) · Close to major roads and amenities 2
LOCALITY Welcome to the neighbourhood LOCALITY MAP SANRIDGE VODAWORLD SHOPPING CENTRE R55 STEYN CITY CARLSWORLD SHOPPING CENTRE N ew Rd GRAND CENTRAL KYALAMI ESTATE CARLSWALD AIRPORT KYALAMI CORNER N1 UNISA SBL Rd KYALAMI PARK Main a retori DAINFERN Old P Pitts Ave MIDRAND KYALAMI RACE TRACK KYALAMI HILLS All Le an Ro da ux le Av Rd NETCARE e WATERFALL CITY d BARBEQUE DOWNS R WATERFALL CITY er kk Be MOSQUE d in R Ma MALL OF AFRICA FOURWAYS MALL WATERFALL CORNER Maxwell Dr MONTECASINO Woodmead Dr PAULSHOFF SUNNINGHILL N1 N1 RIVONIA CROSSING N1 RIVONIA NETCARE CELL C WOODMEAD BRYANSTON SUNNINGHILL BUCCLEUCH M1 AMENITIES WITHIN 10-15 MIN FROM THE ESTATE SCHOOLS HEALTH HOSPITALS AND CLINICS Halfway House Primary School 2.6km Shapes for Women 1.4km Midrand Veterinary Hospital 1.6km Curro Waterfall 3.3km Crossfit Kyalami 3.8km Midrand West Clinic 2.4km Midrand High School 3.4km Virgin Active Carlswald 4.3km Netcare Waterfall City 3.0km Kyalami Montessori Pre-school 3.8km Virgin Active Waterfall 4.4km Medicross Carlswald 5.0km Reddam House Waterfall 4.9km Bodytec Waterfall 6.4km Netcare Sunninghill 8.6km Kyalami Estates Pre-Primary 5.8km Midrand West Clinic 9.0km Kyalami Primary School 5.8km Midrand Primary School 6.8km FOOD AND ENTERTAINMENT Midrand Montessori Primary School 7.4km Swiss Country Club 1.1km Kyalami High School 10.0km Pizza Perfect Vorna Valley 1.3km Heaven’s Kitchen 1.5km Kyalami Grand Prix Circuit 2.9km SHOPPING MALLS Andiccio24 Kyalami 3.6km Vorna Valley Shopping Centre 1.4km Bounce Waterfall 4.3km Mall of Africa 3.0km Turn ‘n Tender 4.4km Carlswald Shopping Centre 4.2km The Hussar Grill 4.6km Kyalami Corner Shopping Centre 4.3km RocoMama’s Kyalami 6.8km Montecasino 18.8km 8
PURCHASING PROCESS STEP 1 SELECT YOUR UNIT Based on your needs and price range we’ll help you to select the best unit. In certain instances you can reserve a unit for a maximum period of 24 hours. STEP 2 SIGN THE AGREEMENT OF SALE AND PROVIDE ALL FICA DOCUMENTATION FICA documents include a copy of your ID, proof of residence and your tax number on a SARS letterhead. STEP 3 SECURING DEPOSIT You must pay a R20 000 cash securing deposit to the conveyancer upon signing the agreement of sale. The conveyancer holds your deposit in a trust until transfer and you earn interest on the deposit until transfer. Transfer takes place after the unit is completed, ready for occupation and signed off by the purchaser. Although we only require a R20 000 securing deposit, the banks may insist on a larger deposit. STEP 4 BALANCE OF PURCHASE PRICE In addition to the deposit payable, you will have to provide guarantees for the balance of the purchase price within 30 days of signing the agreement of sale. There are various types of guarantees: 1. Payment in full. Payment of the full amount into the conveyancer’s trust account. You earn interest on those funds until transfer. 2. Bank guarantee. Your bank reserves your funds for the purchase and provides a guarantee for the purchase amount. As account holder, you continue to earn interest on your funds until it is paid over upon transfer for the purchase of the unit. 3. Home loan. An approved home loan by a major bank is regarded as a guarantee. How much do I qualify for? To qualify for a home loan, the bank’s lending criteria dictates that the monthly repayment amount may not exceed 30% of your combined gross income. To quality for a loan of R2 445 000 you need to earn a minimum combined gross household income of R63 186. The bank should approve your loan if: • Your income and employment are consistent and can be verified. • Your income is sufficient to cover your current expenses plus the new home loan repayment. • Your credit record is clean and it shows that you conduct your finances well. 9
EXPECTED RENTAL RETURNS Let us take care of your investment Central Developments, in partnership with CSi Rentals, make buy-to-let investments easy. We offer our investors the option of a turnkey rental placement and management service. The Waterfall node is experiencing high rental demand due to many large corporates who have relocated their offices to the area. In addition to the high rental demand, you can expect excellent capital growth due to the development’s perfect location in this desirable and growing area. Purchase Expected Es�mated Es�mated Net Net Rental Total Price Rental pm Levy pm Rates pm Rental Return Return on Year (capital growth (gross with (incl. sanita�on Income Investment es�mated at 5% p.a. esc.) charge, pm (excl. capital (5% capital growth + 5% p.a.) (5% p.a. esc.) growth) net rental income) Type A 151 m² - Free-standing house 3 Bedrooms, 2.5 bathrooms with covered pa�o and double garage from R2 495 000 (costs included) 1 R2 495 000 R18 000 R2 322 R1 441 R14 237 6,8% R295 599 11,8% 2 R2 619 750 R18 900 R2 438 R1 524 R14 938 7,2% R310 238 12,4% 3 R2 750 738 R19 845 R2 560 R1 612 R15 673 7,5% R325 609 13,1% Type B 161 m² - Free-standing house 3 Bedrooms, 2.5 bathrooms with covered pa�o and double garage from R2 595 000 (costs included) 1 R2 595 000 R18 800 R2 442 R1 508 R14 850 6,9% R307 954 11,9% 2 R2 724 750 R19 740 R2 564 R1 595 R15 581 7,2% R323 210 12,5% 3 R2 860 988 R20 727 R2 692 R1 686 R16 348 7,6% R339 230 13,1% Type C 183 m ² - Free-standing house 3 Bedrooms, 2.5 bathrooms with covered pa�o and double garage from R2 895 000 (costs included) 1 R2 895 000 R21 000 R2 706 R1 709 R16 585 6,9% R343 768 11,9% 2 R3 039 750 R22 050 R2 841 R1 806 R17 402 7,2% R360 815 12,5% 3 R3 191 738 R23 153 R2 983 R1 908 R18 261 7,6% R378 715 13,1% Type D 155 m² - Free-standing house 3 Bedrooms, 2 bathrooms with covered pa�o and double garage from R2 505 000 (costs included) 1 R2 505 000 R18 200 R2 370 R1 447 R14 383 6,9% R297 843 11,9% 2 R2 630 250 R19 110 R2 489 R1 531 R15 090 7,2% R312 594 12,5% 3 R2 761 763 R20 066 R2 613 R1 620 R15 833 7,6% R328 083 13,1% * Capital growth projected at 5% p.a. * Calculations based on self management of rental. CSi rental management at a fee, is recommended. * Costs only included if the attorney appointed by the developer attends to transfer and bond registration. 10
ON SHOW DAILY Visit us 7 days a week Mon - Sat 09:00 - 17:00 | Sun 12:00 - 17:00 Gerald St St Moerdyk HALFWAY GARDENS N1 n St Pitts Ave Kyalami Estate Anton Hartman Le t tS Ro r na ux Ca Pannevis VORNA Av t VALLEY tS e KYALAMI u nho HILLS o ge Kyalami iet Ho Race ew kk Track Ko n Dr St ig r r y Galau e Gr KYALAMI GARDENS Ha Rd n ai Wo Waterfall City Ala M nd od ale ria Rd me to e Pr ad ld Dr O Netcare Mall of Africa Waterfall ll Dr City we ax M Waterfall Corner ENTRANCE IN PANNEVIS AVENUE For more information, contact us on 0861 73 84 73 11
Kids play area Pool at central facility Close to shops Small-pet friendly Braai facilities Private gardens Fibre to the Home (FTTH)
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